ITAT bench of Delhi has reversed the CIT(A) order

ITAT bench of Delhi has reversed the CIT(A) order  

ITAT bench of Delhi has reversed the CIT(A) order and held that when the cash is found with an assessee, it is the duty of the assessee to prove the source of such cash by providing sufficient evidence to come to a conclusion to satisfy the source of such cash. In the absence of such proof, the Revenue Authorities are bound to make additions. Mere reflecting the unexplained cash in the books of accounts in absence of any supportive documents, cannot be ground for deletion of the addition. 



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